Coinbase CEO Brian Armstrong is assuring investors the crypto exchange is not facing bankruptcy risks amid concerns over the firm’s latest 10-Q filing. The 10-Q form filed by Coinbase with the Securities Exchange Commission (SEC) on Tuesday includes a bankruptcy risk factor disclosure that says in case of business failure,...
Coinbase cofounder and CEO Brian Armstrong.PATRICK T. FALLON/AFP via Getty Images Many are calling for Coinbase users to move crypto to hardware wallets, or physical storage devices. Coinbase disclosed Tuesday that it could absorb users’ crypto in the unlikely event of bankruptcy. Experts say the wallets, which resemble USB drives,...
Cryptocurrency trading platforms might look and feel like regular brokerage apps to everyday users, but regulators have long warned they lack the oversight and investor protections that are built into traditional financial services. Coinbase COIN -26.40% Global Inc. acknowledged that reality this week. In its quarterly filings, the crypto trading...
Coinbase said its users’ crypto assets could become company property if it went bankrupt. The company added disclosure for the first time in its earnings report Tuesday. Its CEO said shortly after that users’ funds were safe and there was no risk of bankruptcy. Loading Something is loading. Coinbase, one...
Coinbase chief executive said a disclosure in its latest quarterly filing did not indicate the largest U.S. cryptocurrency exchange faced a bankruptcy risk, and it had been made to meet a regulatory requirement. Brian Armstrong’s comments on late Tuesday came after the company said in...
